Published 23 March 2017
Buckie Got It…. let’s touch the loan process with all banks. It is time the banks stop telling their new and existing customers lies or mislead us.
Don’t let these banks fool you, they gives loans and make huge profit from this process. Look at the bank fees such as insurance, legal charge and interest rates etc.
After you go through the long process of questionnaires and credit checks, you finally get a call saying your loan has been approved. Of course you are now happy, so what do you? Go and write checks, borrow funds from a friend, start using your own funds because you know this loan has been approved.
How do the bank loan officer feel to then call you back and say sorry but the loan was declined? Most times they can’t even explains properly to you why it was declined.
I am not happy when I refer persons to a particular bank for a loan and they have to face this challenge.
I am often upset with some of these loan officers who In my mind set you up to fail. How so? They know if certain things is place on your application it will raise a red flag.
The reason why people go for a loan is either because they don’t have it or do not want to use their own money at the times
Two banks I haven’t gone back to in like over 5 years because of what the loan officer told me, is National Bank and Finco.
My 2 choices are St. Kitts Credit Union and Development Bank. Let me say thanks to Mrs Jeffers and Patrice who I say good job in helping me move forward.
Why must the “big shots” as we call them gets the opportunity to get large loan so often but the low income man can’t?
I’ll end there for now